SEC Update

All kinds of excitement at the SEC this week. Wait, did I say "excitement?" I need a vacation.

Peter M. Uhlmann, Chief of Staff of the Securities and Exchange Commission, announced that he will step down.

In a speech, Commissioner Aguliar argued that the SEC should be able to bring criminal cases. Also see this article from the American Lawyer.

The SEC announced that it would extend the deadline for a report on the costs and benefits of SOX 404.

The Financial Executives blog has a good post (with links) about the SEC's Report about updating the disclosure system.